KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to Wyoming

HB0025 • 2015

Railroad rolling stock tax exemption-sunset.

AN ACT relating to taxation; extending the sunset of the exemption on the imposition of state sales and use tax on the repair of rolling stock; specifying requirements for rolling stock to quality for exemption; requiring reports; and providing for an effective date.

Taxes
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Representative Kirkbride
Last action
2015-03-04
Official status
enrolled
Effective date
3/3/2015

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

HB0025H2001

2nd reading • Loucks

Failed

Plain English: Failed 2nd reading by Loucks

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
HB0025S2001

2nd reading • Bebout

Adopted

Plain English: Adopted 2nd reading by Bebout

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
HB0025SS001

Standing Committee • SRevenue

Adopted

Plain English: Adopted Standing Committee by SRevenue

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

Bill History

  1. 2015-03-04 LSO

    Assigned Chapter Number

  2. 2015-03-04 Governor

    Governor Signed HEA No. 0076

  3. 2015-02-27 Senate

    S President Signed HEA No. 0076

  4. 2015-02-27 House

    H Speaker Signed HEA No. 0076

  5. 2015-02-27 LSO

    Assigned Number HEA No. 0076

  6. 2015-02-26 House

    H Concur:Passed 54-4-2-0-0

  7. 2015-02-25 House

    H Received for Concurrence

  8. 2015-02-25 Senate

    S 3rd Reading:Passed 23-6-1-0-0

  9. 2015-02-24 Senate

    S 2nd Reading:Passed

  10. 2015-02-24 Senate

    Amendment Adopted

  11. 2015-02-23 Senate

    S COW:Passed

  12. 2015-02-23 Senate

    Amendment Adopted

  13. 2015-02-20 Senate

    S Placed on General File

  14. 2015-02-20 Senate

    Revenue:Recommend Amend and Do Pass 5-0-0-0-0

  15. 2015-02-11 Senate

    S Introduced and Referred to S03 - Revenue

  16. 2015-01-26 Senate

    S Received for Introduction

  17. 2015-01-26 House

    H 3rd Reading:Passed 53-7-0-0-0

  18. 2015-01-23 House

    H 2nd Reading:Passed

  19. 2015-01-23 House

    Amendment failed

  20. 2015-01-22 House

    H COW:Passed

  21. 2015-01-21 House

    H Placed on General File

  22. 2015-01-21 House

    Revenue:Recommend Do Pass 7-2-0-0-0

  23. 2015-01-14 House

    H Introduced and Referred to H03 - Revenue

  24. 2015-01-13 House

    H Received for Introduction

  25. 2014-12-29 LSO

    Bill Number Assigned

Official Summary Text

Summary for LSO115
Bill No.:
HB0025
Effective
:
3/3/2015

LSO No.:
15LSO-0252

Enrolled Act No.:
HEA 76

Chapter No.:
120

Prime Sponsor:
Kirkbride

Catch Title:
Railroad rolling stock tax exemption-sunset.

Subject:
Sunset date for tax exemption on railroad rolling stock.

Summ
ary/Major Elements:

Existing law provides a sales and use tax exemption for repair, assembly, alteration or improvement of railroad rolling stock, with a sunset date of July 1, 2015.

This bill changes the sunset date of the railroad rolling stock exemption to July 1, 2021.

This bill requires reporting on the railroad rolling stock exemption.

Comments:

Requires a report.
The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.

Current Bill Text

Read the full stored bill text 
ORIGINAL
House
Bill No
.
HB0025

ENROLLED ACT NO. 76
,

HOUSE OF REPRESENTATIVES

SIXTY-THIRD LEGISLATURE OF THE STATE OF WYOMING
2015 General Session

AN ACT relating to taxation; extending the sunset of the exemption on the imposition of state sales and use tax on the repair of rolling stock; specifying requirements for rolling stock to quality for exemption; requiring reports; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1
.

W.S. 39
‑
15
‑
105(a)(viii)(Q)
and (b)(intro)
and 39
‑
16
‑
105(a)(viii)(F)
and (b)(intro)
are amended to read:

39
‑
15
‑
105
.

Exemptions.

(a)

The following sales or leases are exempt from the excise tax imposed by this article:

(viii)

For the purpose of exempting sales of services and tangible personal property as an economic incentive, the following are exempt:

(Q)

Sales of tangible personal property or services performed for the repair, assembly, alteration or improvement of railroad rolling stock. This subparagraph is repealed effective July 1,
2015

2021
;

(b)

The Wyoming business council, the department of workforce services and the department of revenue shall jointly report to the joint revenue interim committee on or before December 1 of each year that the exemption provided by subparagraph (a)(viii)(O),
(Q),
(R) or (S) of this section is in effect. If requested by the department of revenue, any person utilizing the exemption under subparagraph (a)(viii)(O) of this section shall report to the department the amount of sales tax exempted, and the
number of jobs created or impacted by the utilization of the exemption. The report shall evaluate the cumulative effects of each exemption that is in effect from initiation of the exemption and shall include:

39
‑
16
‑
105
.

Exemptions.

(a)

The following purchases or leases are exempt from the excise tax imposed by this article:

(viii)

For the purpose of exempting sales of services and tangible personal property as an economic incentive, the following are exempt:

(F)

Purchases of tangible personal property or services performed for the repair, assembly, alteration or improvement of railroad rolling stock. This subparagraph is repealed effective July 1,
2015

2021
;

(b)

The Wyoming business council and the department of revenue shall jointly report to the joint revenue interim committee on or before December 1 of each year that the exemption provided by subparagraph (a)(viii)(D),
(F),
(G) or (H) of this section is in effect. If requested by the department of revenue, any person utilizing the exemption under subparagraph (a)(viii)(D) of this section shall report to the department the amount of use tax exempted, and the number of jobs create
d or impacted by the utilization of the exemption. The report shall evaluate the cumulative effects of each exemption that is in effect from initiation of the exemption and shall include:
Section
2
.

This act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the House.

Chief Clerk

1